Shanghai material Trade: The success of the market focus on transformation

The reason: On the message surface, the Hundred Union group's Shanghai Material Trade investment 600 million yuan hundred oil depot in Shanghai Chemical Industry district holds the opening ceremony, foreshadowed the company to the modern petrochemical Logistics Enterprise transformation has obtained the landmark result.　　In Shanghai, the four core business of trade in goods, metal materials business is the largest, last year's operating income reached 24.5 billion; Auto service trade, energy and wood products business in the adjustment period, while the fastest growing oil business, last year's operating income over 5.6 billion, year-on-year growth of 29%. Investment Highlights: 1, fuel oil business, the new profit growth point: The company's wholly-owned subsidiary Shanghai Fuel Pudong Co., Ltd. to join the Shanghai HKFE Fuel Oil Futures trading professional self-employed members, to participate in hedging transactions, subsidiaries invested in RMB 519.88 million to build hundred oil Depot project,　　is expected to form 201,000 cubic meters of oil storage capacity, under normal circumstances can be 2 million tons of annual sales scale.　　2, the country's largest trade center: Shanghai Materials Trade, formerly known as Shanghai Material Trade Center, 1993 after the restructuring of the listing, the company's holding shareholder for the Shanghai state-owned subsidiary of the wholly-owned subsidiaries of the group, is a national large logistics company, with cash, futures two market patterns, comprehensive strength.　　Risk tip: 1, macro-economic risk: Due to the CPI, PPI rising, inflation, the central bank to implement monetary tightening policy, has accumulated 12 times to raise reserve ratio, 6 interest rate hikes, loans will be more difficult than before. Related PLATE: material foreign trade